Australia: Coniferous Roundwood Market 2024

Coniferous Roundwood Market Size in Australia

In 2022, the Australian coniferous roundwood market increased by 6.7% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +69.2% against 2020 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Coniferous Roundwood Production in Australia

In value terms, coniferous roundwood production shrank to $X in 2022 estimated in export price. In general, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +3.2% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 32%. Coniferous roundwood production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Coniferous Roundwood Exports

Exports from Australia

In 2022, overseas shipments of roundwood (coniferous) decreased by -74.6% to X cubic meters, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2013 with an increase of 39% against the previous year. The exports peaked at X cubic meters in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, coniferous roundwood exports declined significantly to $X in 2022. Overall, exports showed a abrupt slump. The pace of growth appeared the most rapid in 2013 when exports increased by 56%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

India (X cubic meters) was the main destination for coniferous roundwood exports from Australia, with a 67% share of total exports. Moreover, coniferous roundwood exports to India exceeded the volume sent to the second major destination, South Korea (X cubic meters), threefold. The third position in this ranking was held by Malaysia (X cubic meters), with a 5.4% share.

From 2012 to 2022, the average annual growth rate of volume to India stood at +128.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-11.5% per year) and Malaysia (+237.9% per year).

In value terms, India ($X) remains the key foreign market for roundwood (coniferous) exports from Australia, comprising 63% of total exports. The second position in the ranking was held by South Korea ($X), with a 24% share of total exports. It was followed by Vietnam, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value to India amounted to +139.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-5.1% per year) and Vietnam (+70.7% per year).

Export Prices by Country

The average coniferous roundwood export price stood at $X per cubic meter in 2022, growing by 22% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coniferous roundwood export price increased by +78.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 47%. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per cubic meter), while the average price for exports to Malaysia ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Coniferous Roundwood Imports

Imports into Australia

In 2022, the amount of roundwood (coniferous) imported into Australia soared to X cubic meters, jumping by 1,324% against the year before. Overall, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 2,010% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, coniferous roundwood imports skyrocketed to $X in 2022. In general, imports continue to indicate significant growth. The growth pace was the most rapid in 2021 when imports increased by 1,857%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

New Zealand (X cubic meters), Serbia (X cubic meters) and Germany (X cubic meters) were the main suppliers of coniferous roundwood imports to Australia, together comprising 82% of total imports. These countries were followed by Sweden, which accounted for a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +1,043.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest coniferous roundwood suppliers to Australia were New Zealand ($X), Germany ($X) and Sweden ($X), with a combined 85% share of total imports.

Germany, with a CAGR of +252.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average coniferous roundwood import price amounted to $X per cubic meter, shrinking by -32% against the previous year. In general, the import price showed a drastic downturn. The growth pace was the most rapid in 2018 an increase of 201% against the previous year. As a result, import price attained the peak level of $X per cubic meter. From 2019 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($X per cubic meter), while the price for Serbia ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+58.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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